Microstrategy stock in focus as it eyes more BTC purchases

MicroStrategy is back with its debt strategy to add more BTC. Its MSTR stock was strong on price charts, but BTC losses could affect it.

from proceeds from its private offering of $500 million convertible notes. The senior notes, a type of debt strategy, are due in 2032. Part of the update

However, the stock has emerged as a better short-term bet than BTC. It has outperformed the king coin on several occasions.The MSTR’s market structure was still in a better position despite the current market drawdown after the ‘hawkish’ Fed rate decision.Notably, price action was above the 100-day and 50-day EMAs . This demonstrated that MSTR’s short-term and long-term price trends hadn’t weakened yet.

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